Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1976 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1976 (6) TMI 30 - HC - Income TaxExtract: .......day of the accounting year. Thus, in our opinion, the Tribunal was right in taking the view that the amount of dividend declared at a future date when the general meeting was held ought not to be deducted from the general reserves for the purposes of computing the capital under the Surtax Act, 1964. In the result, the rule is discharged with costs.
|